Africa > West Africa > Sierra leone > Banking / Investment

Banking / Investment in Sierra Leone

  • Africa's last international banks make their stand

    BOTSWANA, 2017/10/31 On June 1, 2017, Barclays sold a 33.7% stake in its African business, Barclays Africa Group Limited (BAGL). The transaction reduced the UK lender’s stake in its African offshoot to 14.9% and permitted, in accounting terms, the deconsolidation of BAGL from its parent. Additional symbolically, it brought to an end Barclays’ operations on the continent next additional than 100 years. The rise of Africa’s home-grown financial players has led most international lenders to withdraw from the continent. However, Société Générale and Standard Chartered are not only staying put but marking territory for digital expansion. James King reports.
  • Why governments need to support the financial sector to meet the unserved needs of smallholder farmers

    BOTSWANA, 2017/09/09 This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs). Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
  • Where’s best to invest in Sierra Leone?

    SIERRA LEONE, 2017/08/11
  • We live in a region with strong growth

    BENIN, 2016/08/18 Turnover on West Africa’s BRVM bourse additional than doubled over the completed year, reaching 209.26 billion CFA francs ($362.2 million) in late May. “We benefited from a favorable context. We live in a region with strong increase,” Edoh Kossi Amenounve, the manager of the stock exchange told reporters on Tuesday.
  • ECOWAS Bank to focus on economic growth

    BENIN, 2015/07/28 The ECOWAS Bank for Investment and Improvment(EBID) says it would continue to focus efforts on providing support to private and public sector initiatives to grow the economies and create jobs in the sub-region. Mr Bashir Ifo, EBID President, said everything would be done to lift the people out of poverty and transform their economic situation. Evidence of this, he said could be seen from the bank’s assistance in areas of infrastructure, agriculture and private sector development.
  • Thomas B Turay encourages Italians to invest in Sierra Leone

    SIERRA LEONE, 2013/08/05 In a bid to promote investment opportunities in Sierra Leone to the rest of the world Hon. Thomas B Turay (TBT) has ended a five days working visit to Rome – Italy where he held fruitful discussion with representatives of UNESCO Chair in Biothecnology and Technology Development for Africa. Hon. Thomas B Turay pointing at Sierra Leone on the world map during a conference with Italian investors Next series of conference with Prof. Vittorio Colizzi and Dr. Giorgio Mancino and Hon.Thomas B.Turay who represented the Republic of Sierra Leone they spoke about the possibility of launching collaboration projects for development and technology transfer between Italy and Sierra Leone.
  • BADEA gives US$10m loan to Chad, US$8m to Sierra Leone

    CHAD, 2013/05/29 The Arab Bank for Economic Development in Africa (BADEA) has given a US$10 million loan to Chad as part financing for a road project from Massakory to the Niger border. According to the bank, the agreement for the loan was signed on the sideline of the recent 38th Annual Conference of the Islamic Development Bank Group in Dushanbe, Republic of Tajikistan.